The worldwide Personal Care Packaging Market is likely to surpass USD 37.2 billion by 2024. ‘Packaging technology’ innovations coupled with increasing consumption of beauty & cosmetic products should propel the market during the forecast period (2015 to 2024). Escalating demand for skin & hair products (due to awareness towards healthy living) will also fuel market growth.
In addition, greater consumption of nail paints, perfumes, and aftershaves could boost market demand. On the basis of applications, ‘skin care’ led the market in 2014. This segment contributed over USD 7 billion the same year. It is predicted to experience significant gains owing to awareness regarding cosmetics. Concerns regarding global warming and pollution may also drive this application.
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‘Bath & shower’ accounted for over 20% shares in 2014. This application will undergo expansion till 2024. The same would be attributed to awareness about hygiene & health, especially in Asia Pacific and the Middle East. Also, inclination towards shower gels, body washes, and liquid soaps & bars can boost segment sales.
In view of products, ‘flexibles’ dominated the personal care packaging market in 2014. This segment is estimated to experience considerable expansion during the forecast period. It should notice over 6% CAGR in the same period. Demand for the ‘metals’ segment will decrease in the coming seven years. The same would be credited to this product’s negative environmental effects, high storage expenses, and heavyweight.
With respect to packagings, bottles were the leading segment in 2014. Bottles generated over 28% of the total incomes that year. They are projected to dominate the market in the near future. This should result from their wide adoption across skin & hair care and shower & bath products. In terms of regions, ‘Asia Pacific’ dominated the market in 2014. It stood over USD 8.1 billion the same year.
‘MEA’ is anticipated to expand significantly (at over 7%) in the seven years ahead. Augmenting demand for perfumes in Kuwait, Saudi Arabia, and U.A.E. could fuel this region. MEA would also be propelled by its higher purchasing power and active & young populace. Leading participants in the global personal care packaging market are Albea Group, Amcor, Sonoco, Mondi plc, and Bemis Company.
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Personal Care Products Market - According to The Cosmetics Europe, The Personal Care Association, the market penetration of fragrances in Europe is nearly 100%. Increasing awareness regarding health & hygiene coupled with growing population is expected to increase the demand for personal care items.
Organic Personal Care Products Market - Organic personal care products industry has shown a wide increase in the usage of organic, natural, and ethical labels, which has a positive impact worldwide. After creation of its impact in the food and beverages industry, the trend of manufacturing organic products has now entered the global personal care products market.
The global organic personal care market size is expected to value at USD 25.1 billion by 2025.
The market is subject to witness a substantial growth due to the growing need for organic and natural skin-care and hair-care products in the cosmetics sector.
The key factors responsible for the growth of market include growing awareness about individual health and safety, increasing disposable income, and improved lifestyle mainly in developed economies.
Globally, the organic personal care market is predicted to grow at CAGR of 9.5% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.Additionally, growing concerns related with the use of chemical based cosmetics and their environmental impact is spurring the introduction of natural and organic cosmetics skin-care products by industry players, is considered as major stimulant for the growth of the industry.
Furthermore, increasing health consciousness among consumers with the use of synthetic products, and growing emphasis on environment-friendly cosmetics products are attributing to progress of the organic personal care industry in recent years.
Organic products are manufactured in such a way that it does not constitute any sort of undesirable characteristics of their natural ingredients or raw materials such as odor, strong colors and aromas while utilizing only their benefits.Most of the organic cosmetics consists of topical creams and lotions derived from naturally available materials.
